The Ontario government has announced sweeping new proposals designed to modernize the rental housing system and speed up dispute resolution between landlords and tenants. The Ministry of Municipal Affairs and …
Tenant Fails to Vacate
This is a constant problem. Many Tenants now simply stay in place. They want a big payday, something in the range of about $30,000.00 in order to be “bought out”. …
Eliminate Rental Limits to Increase Availability
The Province imposed restrictions on rental increases by Landlords in residential rentals. In November 2018, Ontario introduced a change to rental guidelines, specifically exempting new residential units first occupied after November …
Rental Renovation Licence Bylaw
Rental Renovation Licence Bylaw Often referred to as “renoviction”, this is a statement by the City of Toronto on its website: “Effective July 31, landlords must obtain a Rental Renovation …
Adding Indemnification Provision to Ontario Standard Lease
There may be good reason to have an Indemnifier rather than a Guarantor for a residential lease. Here’s what the added schedule might look like: “Schedule “I”Third-Party Indemnity Agreement(To be …
Indemnification Clause: Commercial Lease
An Indemnification clause may be contained in a standard commercial Lease. It might appear as follows: “Section X – Third-Party Indemnity In consideration of the Landlord entering into this Lease …
Guarantors and Indemnifiers
Key Differences Feature Guarantor Indemnifier Nature of Obligation Secondary: pays only if the Tenant defaults Primary: responsible from the outset Landlord Must Sue Tenant First? Yes, unless waived in writing …
Guarantors and Indemnifiers for Leases
While Guarantors and Indemnifiers both provide security for someone else’s obligations, the legal effect, timing, and extent of liability are different. Here’s a breakdown of the key distinctions, especially as …
Selling with a Difficult Tenant
Question: I have a Seller Client who wants to list a Townhome with a (currently) disagreeable Tenant. Tenant is paying far under market rent, and apparently said, “I’m not going …
Rent Some, Not ALL of the Property
Let’s assume that you are a residential Landlord and you own a single family home. The best move would be to rent out some, but not all of the property. …